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Post by Ace on Mar 14, 2022 17:41:57 GMT
A new loan has just been made available to QFirst members. Will be available to other in 3 days.
Projected net return: 10.13% per year
XIRR: 19.73%
Term: 36 months
Target: £150,000
Min target: £100,000
Minimum investment: £10
Is good to see that they are now advertising the XIRR.
Also note that the minimum investment has reduced from £100 to £10.
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Post by df on Mar 14, 2022 22:33:11 GMT
A new loan has just been made available to QFirst members. Will be available to other in 3 days. Projected net return: 10.13% per year XIRR: 19.73% Term: 36 months Target: £150,000 Min target: £100,000 Minimum investment: £10 Is good to see that they are now advertising the XIRR. Also note that the minimum investment has reduced from £100 to £10. Thanks for the heads-up. XIRR - looks like Q have heard you  £10 minimum is probably a good move to attract small investors who want to give it a go without too much risk. Rebs have £10 minimum and there quite a lot of under £100 investments in every loan (Rebs loans are usually in the area of £50k, sometimes less sometimes more, but rarely go over £100). We'll have to see how these changes will be effective for funding £150k loan.
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Post by birdie on Mar 15, 2022 8:35:07 GMT
I got the e-mail yesterday informing of the new loan but no sign of it when I log on to my account.
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Post by Ace on Mar 15, 2022 8:52:30 GMT
I got the e-mail yesterday informing of the new loan but no sign of it when I log on to my account. You have to access it via the link in the email. It's not available to the general public yet.
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Post by birdie on Mar 15, 2022 9:11:31 GMT
I got the e-mail yesterday informing of the new loan but no sign of it when I log on to my account. You have to access it via the link in the email. It's not available to the general public yet. Found it , thank you.
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qwakuk
Member of DD Central
Posts: 241 
Likes: 89
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Post by qwakuk on Mar 17, 2022 12:11:17 GMT
Not in QFirst and not had an email yet, assume later today or tomorrow
Is there any availability left or has it all gone ?
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Post by Ace on Mar 17, 2022 12:36:00 GMT
Not in QFirst and not had an email yet, assume later today or tomorrow Is there any availability left or has it all gone ? £61,200 raised so far out of £150k target.
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Post by Ace on Mar 17, 2022 14:08:35 GMT
Now open to all. Email just received.
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 734 
Likes: 814
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Post by p2pfan on Mar 17, 2022 17:17:50 GMT
What do you make of this borrower's financials?
Some of the figures, such as the gross profit, seem to be in a downward trajectory and are concerning?
Also, the Web site is blocked in all my web browsers, on both my desktop and iPad, with warning such as:
"Website blocked due to a Trojan
Your Malwarebytes Premium blocked this website because it may contain a Trojan.
We strongly recommend you do not continue."
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huxs
Member of DD Central
Posts: 299
Likes: 218
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Post by huxs on Mar 17, 2022 18:16:12 GMT
What do you make of this borrower's financials? Some of the figures, such as the gross profit, seem to be in a downward trajectory and are concerning? Also, the Web site is blocked in all my web browsers, on both my desktop and iPad, with warning such as: "Website blocked due to a Trojan Your Malwarebytes Premium blocked this website because it may contain a Trojan. We strongly recommend you do not continue." Hmm, I didn't get that which probably means I better run some malware software to make sure I am not infected 
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Post by overthehill on Mar 17, 2022 20:49:49 GMT
What do you make of this borrower's financials? Some of the figures, such as the gross profit, seem to be in a downward trajectory and are concerning? Also, the Web site is blocked in all my web browsers, on both my desktop and iPad, with warning such as: "Website blocked due to a Trojan Your Malwarebytes Premium blocked this website because it may contain a Trojan. We strongly recommend you do not continue."
The website is ok for me in firefox + avira antivirus. Doesn't appear to be external advertising on it but websites are easily compromised without the owner even knowing.
Not looked at financials yet.
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Post by birdie on Mar 18, 2022 9:05:55 GMT
This one seems to be filling up nicely, £97,300 already.
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Post by Ace on Mar 18, 2022 9:24:51 GMT
What do you make of this borrower's financials? Some of the figures, such as the gross profit, seem to be in a downward trajectory and are concerning? Also, the Web site is blocked in all my web browsers, on both my desktop and iPad, with warning such as: "Website blocked due to a Trojan Your Malwarebytes Premium blocked this website because it may contain a Trojan. We strongly recommend you do not continue." I didn't get any warnings about the website when accessing via chrome on android, but it could be that your protection is better than mine. It's always difficult to draw conclusions from financials with such little commentary. I didn't see anything scary. Yes the GP dropped in 2021, but there could be all sorts of genuine reasons for that, especially during Covid. Who knows what special measures they needed to take? The turnover is increasing strongly, and Profit Before Tax even more so. I really don't have any skills in analysing financials beyond basic logic, so could easily be missing something. Would be interested to hear from any experts, but I doubt much can be gleaned from such scant information.
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Post by Ace on Mar 18, 2022 9:29:34 GMT
This one seems to be filling up nicely, £97,300 already. Yes, another £3k will reach its minimum target and make it their largest ever raise.
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Post by df on Mar 19, 2022 2:37:40 GMT
This one seems to be filling up nicely, £97,300 already. Yes, another £3k will reach its minimum target and make it their largest ever raise. Looks like the amendments worked.
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